Perhaps one contributing factors to the formation of residential property “bubbles” or “overshoots” across the world over the years is the lengthy leads and lags between the start of a “negative” economic event, such as an interest rate hiking cycle, and the start of a rising trend in bad debt levels.

The economy grew by 1.3 percent in 2015, Statistician General Pali Lehohla announced on Tuesday.

The country’s seasonally adjusted real Gross Domestic Product (GDP) at market prices has increased by an annualised rate of 0.7% in the third quarter of 2015.

South Africa’s seasonally adjusted real Gross Domestic Product (GDP) at market prices contracted by 1.3% in the second quarter of 2015, Statistics South Africa (Stats SA) said on Tuesday.

The Consumer Price Index (CPI) rose to 5% in July 2015, Statistics South Africa (Stats SA) said on Wednesday.

Total income for SA’s tourist accommodation industry rises by 1.1% y/y in nominal terms in January‚ shows Stats SA’s survey.

The Consumer Price Index (CPI) has eased to 4.4% in January 2015 from 5.3% in December 2014.

Total income for SA's tourist accommodation industry rises by 7% year on year in nominal terms in November, says Statistics SA.

South Africa's unemployment rate decreased slightly from 25.5% in the second quarter to 25.4% in the third quarter.

Over the past 20 years, the tourism sector's contribution to South Africa's gross domestic product (GDP) has increased significantly with an average annual average real growth rate of 7.3 percent (Source Stats SA), creating jobs and generating valuable foreign currency.